Overview of SoFi Invest fees and charges

It's safe to say that SoFi Invest's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use SoFi Invest even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of SoFi Invest's fees

SoFi Invest Fees snapshot
Assets Fee level Fee terms
US stock fee Low $0 per trade
EURUSD fee - Not available
US tech fund fee - Not available
Inactivity fee Low No inactivity fee

SoFi Invest fees
SoFi Invest fees explained

We compare SoFi Invest fees with its closest competitors, Alpaca Trading and Robinhood.

SoFi Invest fees
SoFi Invest trading fees

SoFi Invest's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at SoFi Invest.

Trading fees

SoFi Invest's trading fees are low.

Stock fees and ETF fees

SoFi Invest has low stock trading fees.

Stock fees of a $2,000 trade
SoFi Invest Alpaca Trading Robinhood
US stock $0.0 $0.0 $0.0
UK stock - - -
German stock - - -

Financing rates

SoFi Invest financing rates are .

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

SoFi Invest yearly financing rates
SoFi Invest Alpaca Trading Robinhood
Apple CFD financing rate - - -
Vodafone CFD financing rate - - -
EURUSD financing rate - - -
EURGBP financing rate - - -

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

SoFi Invest fees
SoFi Invest non-trading fees

When it comes to looking at all the non-trading fees SoFi Invest is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at SoFi Invest that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how SoFi Invest stacks up in non-trading fees
SoFi Invest Alpaca Trading Robinhood
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No No
Account fee No No No

SoFi Invest fees
SoFi Invest deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and SoFi Invest is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods SoFi Invest offers.

SoFi Invest deposit methods
SoFi Invest Alpaca Trading Robinhood
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Deposit fee $0 $0 $0

SoFi Invest fees
SoFi Invest withdrawal fee

Unlike some online brokers we have reviewed SoFi Invest does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

SoFi Invest withdrawal fees and options compared
SoFi Invest Alpaca Trading Robinhood
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Withdrawal fee with bank transfer $0 $0 $0

SoFi Invest fees
SoFi Invest inactivity fee

SoFi Invest does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Ádám Nasli

Analyst head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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